£1.3bn funding package announced for 45,000 new homes | Strategic Network news

£1.3bn funding package announced for 45,000 new homes

Housing Secretary Robert Jenrick has unveiled £1.3bn investment for 45,000 new homes and other infrastructure projects.

Over 300 successful projects in England are part of the £900m Getting Building Fund.

The investment is "expected to deliver up to 45,000 homes, create up to 85,000 jobs and reduce around 65 million kgs of CO2 emissions across England", the government say.

Housing Secretary, Robert Jenrick, said: "As we get Britain building we are also laying the foundations for a green economic recovery by investing in vital infrastructure for local communities, creating jobs and building environmentally-friendly homes with a huge £1.3bn investment announced today.

"This government is determined to level up all parts of the country and this funding will not only give a much needed boost to our economic recovery, it will help build the good quality, affordable homes the country needs."

Successful projects being funded include:

  • £23m for phase 1 of the development of commercial space at Mayfield Park in Greater Manchester, expected to deliver 3,200 jobs and attract over 1 million visitors a year
  • £14.88m to accelerate the National Brownfield Land Institute, a project aiming to create a leader in sustainable construction which will support the housing deal and drive levelling up across the region
  • £12m to support a new high-speed railway station in Thanet, Kent, improving transport in the area and creating 800 new jobs

To deliver a further 26,000 new homes, the government has also confirmed a £360m investment in Mayoral Combined Authority areas through its £400 million Brownfield Fund.

A further £8m of funding has also been announced to help speed up the delivery of these new homes on brownfield sites and the government is inviting bids from the Mayoral Combined Authorities for the remaining £40m.